In a new article, the Lown Institute highlights ways in which unnecessary follow-up care can lead to financial harm, particularly for cancer patients, who often need very expensive treatments. Many cancer patients experience detrimental effects of financial strain from treatment, known as “financial toxicity“; as many as one-third of cancer survivors have taken on debt to pay for treatment.
Much of this financial toxicity is due to the high cost of new treatments and gaps in insurance coverage. But low-value care, services that have little or no clinical benefit, also plays a role.
According to a recent study from researchers at the West Virginia University School of Pharmacy, low-value care is common among patients with certain types of cancer, and contributes to out-of-pocket spending. They examined how often older adults diagnosed with breast, prostate, colorectal cancers, and Non-Hodgkin’s Lymphoma received subsequent low-value procedures within a year. They found that 29% of older adults with these types of cancer received at least one low-value service, most commonly carotid artery screening or MRI for low back pain.
Even though these patients were covered by Medicare, patients that got low-value procedures had thousands more in out-of-pocket costs. The average out-of-pocket cost for cancer patients who received at least one low-value service was $8,726, compared to $6,802 for patients who did not get any low-value care.
For cancer patients who are struggling with both their health and finances, the Lown Institute says it is imperative that doctors and health system minimize preventable harm of low-value care.